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20120930
20121008
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CNBC
Oct 4, 2012 3:00pm EDT
ahead of the election. michael, tell me about your allocation of capital in the face of the unknowns in terms of the economic data and the election. >> look, those that have been following my analysis know i was one of the first to call for the reflation trade back in january. we passed through the summer surprise. by the end of the fall, we're going to hit new all-time highs. i have to caution everybody here. the idea this is a romney rally is a bit of a misnomer. if it were based on u.s. domestic economic policy expectations, small cap stocks, which are dependent upon domestic revenue growth, are not showing that. they're not outperforming larger cap stocks. that's number one. number two, when you look at utilities and health care consumer staples, there's been tremendous bidding up of defensiveness in the face of this resilient move. we've actually positioned, in terms of mutual fund and separate accounts, back into bonds until this hesitation and corrective period ends. >> ron, you call this a romney rally today, don't you? >> i think there's going to be no way to get around it. tha
CNBC
Oct 8, 2012 3:00pm EDT
strong equity market return. >> david, no one is talking about the election and what that could mean depending on the outcome, right? >> well, yeah. the outcome of the election is important in terms of taxation of returns and stocks. but also, i mean, you know, we are buffeted by this uncertainty right now. one thing we can be pretty sure of is six months from now we'll know a lot more about u.s. fiscal policy going forward. i think we'll avoid the fiscal cliff but i think just having some clarity on taxation in the long run and spending in the long run should further help the u.s. economy. so, i do feel a little more positive about the u.s. economy. i agree, you know, in general with this panel. we're pretty much in agreement that the u.s. should do a little better here. as an investor, you know, put money to work in u.s. centric stocks. i think that can really help. >> lady and gentlemen, thank you so much. >> thanks. >> pleasure. >> 50 minutes or so to go before we close it up on this monday on wall street. dow jones industrial average down 20 points. nasdaq off 21. >> we've
CNBC
Oct 2, 2012 3:00pm EDT
john chambers recently said whoever wins this election should govern like bill clinton as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that di
CNBC
Oct 1, 2012 3:00pm EDT
. election. that's when historically gold and gold equities do well. >> you're talking short term. what about the longer term possible inflationary implications of the very -- the move by the ned to keep rates as low as possible right now? isn't that considered inflationary? wouldn't that be good for gold, long term? >> yeah, absolutely. so if you're looking out 12 months i think you see gold pass $2,000, up, for sure. that's certainly going to happen. if you look at the fmoc meetings from the last meeting, they basely said they're talking off the inflation story. in fact, inflation news or the story would be great for the market. great for gold. >> in the meantime, both of you like stocks over gold. i'll let you -- i'll let you gold bugs out there draw your own conclusions on that one for now. maria? >> bill, thank you so much. >>> we're well off the highs on wall street as we approach this final stretch. i want to show you apple. part of the reason the market is coming off the highs is because of a decline in apple. take a look at where it is now. down better than 1% at the lows of th
CNBC
Oct 3, 2012 3:00pm EDT
closer to the election. that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different to employment. i have yet to see any research that says qe anything does. >> all right. thank you, all. good to see you. thanks for your thoughts today. appreciate it. >> thank you. >> all right. we're in the final stretch. we have a mixed market for the most part. >> i don't care what you got planned for the afternoon. stick around. we are just getting started on this very busy wednesday edition of the "closing bell." watch. >>> coming up, downloading a dividend? what will apple do with its huge war chest and potentially devastating tax hikes? we'll drill to the core straight ah
CNBC
Oct 5, 2012 3:00pm EDT
happen here. >> so we put a 60 to 70% probable that there is a deal after the election, probably in the lame duck session or shortly thereafter. we think -- and there's a great piece on pimco.com by my colleagues that details that. we think that will amount to about a 1 to 1.5% contraction in fiscal terms as opposed to the 4% contraction that we would get in fiscal terms from the fiscal cliff. it is possible, not probable, that we go over the cliff and it's possible we get a grand bargain. we put 60 to 70% that there will be some sort of compromise both parties can agree on. >> you don't think the chances of a grand bargain are not particularly great? that there's a long-term address to the whole issue of the fiscal deficit. >> unfortunately, not this time around. >> mohammed, earlier today, the founder of pimco tweeted out some investment recommendations, including buying spanish and italian bonds, government bonds, which sounds almost contrarian when we're so worried about what's going on with europe. what's the investment thesis behind that? >> it's simple. it is to respect what
CNBC
Oct 3, 2012 4:00pm EDT
of noise ahead of the election and asking for big concessions from the winning candidate. jack gerard is the ceo and president of the american petroleum institute. he joins me now from washington. good to see you, jack. thanks for joining us. >> good to see you. nice to be on. >> you know, when it comes to energy, i have to say we don't have an energy policy, unfortunately. what is the most pressing problem that needs to be fixed right now with america's energy situation in your view? >> well, i think there's three things any administration can do, whoever wins the election in the next few weeks. the first one is to approve the keystone exile pipeline. 20,000 new jobs brings more crude oil to the united states to be produced and used by americans. the second one is the administration could open up additional federal lands to bring more energy to the marketplace in job creating opportunities. the third one and perhaps equally important is to pull back on all the additional regulations that have been put throughout by the obama administration that are having a chilling effect on
FOX Business
Oct 5, 2012 3:00pm EDT
we are creating more jobs. >> only one more of these employment reports before election day. back to you. liz: right. the friday before election day. can you imagine? thank you very much. closing bell ringing in 52 minutes. when berkshire warren buffett buys a company, investors watch and listen. coming up in a fox business exclusive, we are speaking at a rare interview with the chairman, ceo and president about the $9 billion deal. how this business today. what is it like? he is coming up live only on fox business. cleveland, open for business. ♪ ♪ nicole: i am nicole petallides. it is time for the power mover. you made some money if you are short. we are looking at zynga today hitting a new low. the ipo price cut to $10 stuff, has been moving lower ever since. down. 17%. the company is cutting it outlook once again. they are directly correlating to facebook. they are not think the revenues from there either. we are talking about mafia wars, city build, those are some of the names you may be familiar worth. zynga continues to the jobsite. whatever court is saying, i told you so.
FOX Business
Oct 8, 2012 3:00pm EDT
election day, we could see at least 1495 on the s&p 500 if not higher. one of the things we're really sort of watching closely is what active managers are going to do. you know, this is a very tough year for most mutual funds, and in 2009, 2010, 2011 what they did in the final months of the year was really buy beta or higher volatility stocks x that really moved the the index up. it was about a 10% move, and if you have a 10% move, you know, it's much higher than 1495. liz: so you were at 1430, now you're at 1495. so what do i buy here, tom? which sector do you think is really poised to do well? >> well, we think that the winners this year are still going to be winners, but we do like some lagging sectors. groups like consumer discretionary we still like, we like technology as well. i think investors want to take a look at financials. it's something that hasn't been owned for three years, it's done pretty well this year, but there's really a lot of earnings momentum there. it's still an underowned group. and we also like industrials. liz: okay. why a consumer discretionary? yes, up ab
FOX Business
Oct 3, 2012 3:00pm EDT
the last hour about the election. does that reflect what is going on in china because the economic news has been somewhat mixed but it has been more encouraging. >> it is but the markets show you. we backed off after two data points set the tone and the tone is the bottom line is qe 2 is the last quiver in the last hour and needs to deliver. china's demand is waning and it will continue to drive commodity like oil and we have seen steel struggling for the better part of the year. and corn and wheat and all those commodities continue to trade and that is will we are watching. the big focus on the floor friday. ashley: good points at the nynex. oil is down and a big drop today. how far does it go? how much lower can it go? >> from the technical and fundamental standpoint, we reached where the objective is. major support of $87 and we expect more of a bounce here. this is a market that failed on several occasions at the $94 level. we broke through $91. this is where it is supposed to be. had no chance but getting here so inventory reports for the last couple weeks have been very neutr
CNBC
Oct 4, 2012 4:00pm EDT
governor mitt romney last night in the first presidential debate of the 2012 election. let's get to courtney reagan. she's breaking down the stocks today that moved or could have been moved in one direction or another as a result of that. over to you. >> thank you, maria. mitt romney did need to revis revitalize his campaign. it looks like he did it last night. wall street took some notice today. coal stocks, one of the big winners in today's trading after romney made this comment to president obama. >> by the way, i like coal. i'm going to make sure we can continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. >> if you're bullish on coal, you're going to like this. take a look at how we performed today in the sector. arch coal up almost 8%. alpha natural up almost 7%. utility stocks also higher. wells fargo saying this is a sector that could do well under a romney administration. we have con ed up about 1%. on the flip side, hospital stocks did
CNBC
Oct 1, 2012 4:00pm EDT
uncertainties. the u.s. elections, the fiscal cliff. you've got some back tracking in europe. and then you've got the leadership transition in china. so i think you're going to have that positive influence, maybe met with a little bit of resistance around some of the unserpt you'll see because of these i vents. we think the markets are higher 15 months from now. >> okay, so even if we do see this volatility you think 15 months from now, are you going to be in a better position? what about that, peter, we've been talking today that the expectations call for a contraction in third quarter earnings. going to see a negative performance from the third quarter, these are the expectations, anyway, to bounce back in the fourth quarter. the market -- really haven't changed very much. >> yes, maria. i think the market is ahead of itself. as the prior speaker said, there's a lot of uncertainty out there. markets have been very strong this year. so some giveback in the fourth quarter is not unexpected by me. i kind of welcome it, because we're stock pickers and that will give us a chance to find s
FOX Business
Oct 4, 2012 3:00pm EDT
pre-election metric. he is committed to reducing the budget deficit to 3% next year and signing into law the fiscal compound which would prevent france balancing its budget over the medium term. the concern with france at this point is closing the budget gap by raising taxes and to address issues about competitiveness and getting more people to employment in france they have to reduce taxes and labor taxes which are among our highest in the world and it would see how they are going to do that without public spending and that is something that has been reluctant to do. they have some time to turn that around. liz: lowering taxes improve the picture is what i am hearing you say. thank you for joining us. david riley of sovereign rating saying the triple the-credit rating for spain will remain the same even if they ask for a bailout plan. we are 16 minutes from the closing bell. walmart, target, bed bath and beyond. the want to get a read on their health? head to cleveland where real-estate investment trust td are which focuses on value oriented shopping malls coming up. we are talking
FOX Business
Oct 1, 2012 3:00pm EDT
the unknowables are about to come knowable. the election in the united states, whether you are a supporter of the president or mitt romney, it really doesn't matter. we're going to have somebody is going to be running this country on the first wednesday of november. ashley: you say you've never seen a time when investors are so cranky. what do you mean by that? >> well, think of this, ashley. the markets are up mid teens for the year. this is like a party that nobody was invited to when you think about it. that's because the general mix are really not overly invested in the market. they've gone much more defensive. we see that in the weekly flows into bond mutual funds out of equity funds. and the numbers are staggering. since 2007 the cumulative totals exceed a trillion dollars into bond funds, yet the net outflow is out of domestic equity funds are approaching almost $600 million -- $600 billion, excuse me. ashley: but they're cranky, but they're also fearful, aren't they, of this fiscal cliff and a government overspending which many see as a huge, huge worry. wouldn't you agre
CNBC
Oct 8, 2012 4:00pm EDT
saying, hey, we're going to do great. with an election, the fiscal cliff, uncertainty over chinese groeshgts what's going to happen in the middle east. no way these ceos are going to step out on the ledge and give us rosy outlooks. >> you talked about guidance, josh, and how important it's going to be. how much do you expect american corporations to talk about the fiscal cliff and what it's doing to them? >> i don't think it's showing up in the results they're talking about this quarter -- >> but will they give guidance going forward -- >> right now earnings are running 4-1 over positive preannouncements. if you look at what they're blaming, actually, thompson reuters say 50% of the companies have blamed europe, the companies negatively. 8% warned based on strength from the dollar. another 6% blame china. you're not hearing a lot about fiscal cliff uncertainty, at least not yet. i think the right question to be asking ourselves is, whether or not those trends, the things that management are blaming, are bound to continue into another quarter. none of them strike me as one off. all
CNBC
Oct 5, 2012 4:00pm EDT
moving in the right direction. >> they want to slow the economy before the election. if you don't believe that, then i have a bridge i want to sell you in brooklyn. that is what the republican obstructionists in congress have been about. you can create excluses for thee guys if you want, but the fact of the matter is every single jobs bill the republicans in congress have voted against. >> carly, what do you say to that? >> wow. you know, first of all, i thought the democrats couldn't get much lower when harry reid took to the floor of the u.s. senate and accused governor romney of not paying taxes for ten years. last week, nancy pelosi implied that there was no security at the embassy in libya was because the republicans had employed cuts in that area. they understand the economy is not helpful to them. i would remind the governor that the republican congress has spent many, many job creating bills to the democratically controlled senate and harry reid has refused to let them get to voted on. >> governor romney, the consensus is he came out ahead in the debates. do you think he's going t
Search Results 0 to 15 of about 16